- Handled this very poorly in the past couple of months. Just could not get my head away from looking for higher yields. Got buried as a result. So many reasons to be bearish (prices), all of which should really be irrelevant for positioning. Price action does not lie, and it is pointing towards lower yields.
- Monthly : Within a large range, too large and useless as trading input. But momentum towards lower yields.
- Weekly : SHS top evident. Broke the neckline at 3.14% last week, having a downside yield objective of 2.51%. The SHS objective matches squarely with downside support on the monthly chart around 2.50% as well.
- Trade : Gone long TYU1 at 122-19. Add at 3.14%.
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